GLASSOBEL: what changed
GLASSOBEL
Largest movements
- Tangible fixed assets -€989
down €989 (-45.7%), from €2,161 to €1,172
- Cash -€259
down €259 (-79.2%), from €328 to €68
mainly Net result for the year (-€2,811)
- Profit (loss) carried forward -€2,811
down €2,811 (-16.7%), from -€16,872 to -€19,683
- Other debts +€1,563
up €1,563 (+206%), from €761 to €2,324
- Gross operating margin -€3,436
down €3,436, from €2,163 to -€1,273
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,488 | €1,241 | -€1,248 | -50.1% |
| Fixed assets | 21/28 | €2,161 | €1,172 | -€989 | -45.7% |
| Tangible fixed assets | 22/27 | €2,161 | €1,172 | -€989 | -45.7% |
| Furniture and vehicles | 24 | €2,161 | €1,172 | -€989 | -45.7% |
| Current assets | 29/58 | €328 | €68 | -€259 | -79.2% |
| Cash at bank and in hand | 54/58 | €328 | €68 | -€259 | -79.2% |
| Total equity and liabilities | 10/49 | €2,488 | €1,241 | -€1,248 | -50.1% |
| Equity | 10/15 | €1,728 | -€1,083 | -€2,811 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,872 | -€19,683 | -€2,811 | -16.7% |
| Amounts payable | 17/49 | €761 | €2,324 | +€1,563 | +206% |
| Amounts payable within one year | 42/48 | €761 | €2,324 | +€1,563 | +206% |
| Other amounts payable | 47/48 | €761 | €2,324 | +€1,563 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €989 | €989 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €2,163 | -€1,273 | -€3,436 | |
| Operating profit (loss) | 9901 | €402 | -€2,661 | -€3,064 | |
| Financial charges | 65/66B | €161 | €150 | -€11 | -6.9% |
| Recurring financial charges | 65 | €161 | €150 | -€11 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €241 | -€2,811 | -€3,053 | |
| Profit (loss) for the period | 9904 | €241 | -€2,811 | -€3,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €241 | -€2,811 | -€3,053 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.